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REVENUE AND CONTRACT ACQUISITION COSTS (Tables) | 6 Months Ended
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Jun. 30, 2023
Revenue from Contract with Customer [Abstract] |
Revenue Disaggregated by Types and Geography | The following table presents revenue disaggregated by types and geography (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
U.S. | 2023 |  | 2022 |  | 2023 |  | 2022
Instruments and accessories | $ | 763.3 |  |  | $ | 625.1 |  |  | $ | 1,464.7 |  |  | $ | 1,175.7 |
Systems | 189.8 |  |  | 218.0 |  |  | 411.6 |  |  | 466.3 |
Services | 189.4 |  |  | 168.0 |  |  | 376.1 |  |  | 333.9 |
Total U.S. revenue | $ | 1,142.5 |  |  | $ | 1,011.1 |  |  | $ | 2,252.4 |  |  | $ | 1,975.9 |
Outside of U.S. (“OUS”) |  |  |  |  |  |  |
Instruments and accessories | $ | 312.6 |  |  | $ | 270.2 |  |  | $ | 596.8 |  |  | $ | 529.9 |
Systems | 202.9 |  |  | 157.1 |  |  | 408.5 |  |  | 336.9 |
Services | 97.9 |  |  | 83.7 |  |  | 194.4 |  |  | 167.1 |
Total OUS revenue | $ | 613.4 |  |  | $ | 511.0 |  |  | $ | 1,199.7 |  |  | $ | 1,033.9 |
Total |  |  |  |  |  |  |
Instruments and accessories | $ | 1,075.9 |  |  | $ | 895.3 |  |  | $ | 2,061.5 |  |  | $ | 1,705.6 |
Systems | 392.7 |  |  | 375.1 |  |  | 820.1 |  |  | 803.2 |
Services | 287.3 |  |  | 251.7 |  |  | 570.5 |  |  | 501.0 |
Total revenue | $ | 1,755.9 |  |  | $ | 1,522.1 |  |  | $ | 3,452.1 |  |  | $ | 3,009.8 |
Summary of Contract Assets and Liabilities | The following information summarizes the Company’s contract assets and liabilities (in millions):
| As of
| June 30, 2023 |  | December 31, 2022
Contract assets | $ | 48.1 |  |  | $ | 45.0 |
Deferred revenue | $ | 450.6 |  |  | $ | 438.3 |
Sales-type Lease Revenue | The following table presents product revenue from Intuitive System Leasing arrangements (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Sales-type lease revenue | $ | 12.3 |  |  | $ | 50.1 |  |  | $ | 35.3 |  |  | $ | 85.7 |
Operating lease revenue* | $ | 122.7 |  |  | $ | 93.0 |  |  | $ | 234.7 |  |  | $ | 176.2 |
*Variable lease revenue relating to usage-based arrangements included within operating lease revenue | $ | 53.2 |  |  | $ | 33.6 |  |  | $ | 99.2 |  |  | $ | 58.5 |
Operating Lease Revenue | The following table presents product revenue from Intuitive System Leasing arrangements (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Sales-type lease revenue | $ | 12.3 |  |  | $ | 50.1 |  |  | $ | 35.3 |  |  | $ | 85.7 |
Operating lease revenue* | $ | 122.7 |  |  | $ | 93.0 |  |  | $ | 234.7 |  |  | $ | 176.2 |
*Variable lease revenue relating to usage-based arrangements included within operating lease revenue | $ | 53.2 |  |  | $ | 33.6 |  |  | $ | 99.2 |  |  | $ | 58.5 |

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